Microsoft Taiwan Announces Tripartite Blockchain Venture

Microsoft Taiwan has entered a partnership with Digital China and High Cool, aimed at opening blockchain technology to the Asia-Pacific market and greater expand business opportunities.

The initiative was revealed at a conference last month in Taipei City, promoting the use of blockchain technology to improve the financial, e-commerce, and entertainment industries. Sun Jikang, general manager at Microsoft Taiwan, explained their desire to apply Microsoft Azure to Digital China’s digital blockchain services.

Jikang stated:

“Taiwan has first-class engineering and technical talents, and their innovative thinking cannot be underestimated. At the same time, it carries a solid manufacturing and R&D foundation, plus Excellent geographical location, with the superior conditions for the development of blockchain application, I believe that Microsoft’s tooling in the strategic layout of the blockchain, and citing the global partner resources, is bound to be the vision of the industrial application of the blockchain.”

Azure is a cloud computing service offered by Microsoft which allows users to build, test, release, and manage services using the firm’s global network of data centres. Azure could potentially improve the computing speed and security of Digital China’s work.

Sun Jikang speaking at the conference on June 28, at the Le Méridien Hotel in Taipei City.

The Other Tripartite Players

Digital China – the company stems from the Legend Group, which later became Lenovo in 2001. The founder, Sun Yutao, has been active in blockchain since 2014 and advocates for the combining of technology to help blockchain reach its full potential. Yutao looks to biometrics and artificial intelligence to expand blockchain’s possibilities.

High Cool – as a cloud management service provider, High Cool acts as technical intermediary for corporate and public cloud providers. Wu Jiefu, general manager of High Cool, describes the partnership as a ‘blueprint’ for others to follow.

Taiwanese Venture Capital Talks of the ‘New Internet’

Hu Day, the executive director of a blockchain venture capital company named Kyber Capital in Taiwan, thinks the blockchain revolution needs to start with the financial services. He wants to create a sustainable business value, address the return to investors, and solve practical problems first, before creating a new internet.

Not many details have been released regarding the specifics of this partnership yet. This was the second partnership Microsoft announced in June, the first being with Ernst & Young — together they will launch a blockchain content rights platform. Although Bill Gates has accused Bitcoin back in March of causing a few “deaths” along the way, his corporation seems to be diving straight into the technology behind it.